The past few days have been quite volatile for Bitcoin (BTC). Bitcoin saw a major crash in early February 2026.
Here's a breakdown of the current situation and future prospects:
Current Status (February 11, 2026)
Price: Bitcoin is currently trading around $68,000–$69,000.
Crash Level: It has fallen approximately 45% from its October 2025 all-time high ($126,000).
Weekly Decline: Last week, it touched $60,000, its lowest level in the last 16 months.
How much further could Bitcoin fall?
According to experts and technical analysts, it's important to keep an eye on the following levels:
First Support ($68,000): If Bitcoin sustains below this level, the next stop could be $65,000.
Major Support ($60,000): This is a very strong psychological level. If it breaks, panic selling could increase in the market.
Worst-Case Scenario ($52,000 - $55,000): Some bearish analysts believe that if global markets continue to deteriorate, the price could reach $52,000, where its old Fibonacci extension level is located.
Major Reasons for the Decline:
US Fed Policy: News of Kevin Warsh becoming Federal Reserve Chair has investors fearing high interest rates and reduced liquidity.
Institutional Selling: Money is continuously flowing out of spot ETFs (outflows).
Liquidation: Billions of dollars of leveraged positions in the futures market have been liquidated (closed), which accelerated the decline.
Tech Stocks Fall: The crypto market is also under pressure due to the decline in AI and software stocks.
Signal: The market is currently in the "Fear" zone. If you are thinking of investing, do not put all your money in at once (use the DCA strategy )
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